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Japan – Altech Corp revenue and profits up in first quarter

15 May 2019

Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue for the first quarter ended 31 March 2019 of JPY 8.17 billion (USD 74.7 million), an increase of 7.8% when compared to the same period last year.


(JPY millions) Q1 2019 Q1 2018 Change Q1 2019 (USD millions)
Revenue 8,171 7,580 7.8% 74.7
Operating Profit 891 853 4.5% 14.7
Net Income 683 576 18.6% 11.2


Altech Corporation, together with its subsidiaries, provides professional staffing services in the technical sector, primarily in Japan. The company also provides total staffing solutions for the healthcare sector and operates and manages private residential homes with nursing care.

Looking ahead Altech forecasted revenue of JPY 35.47 billion (USD 324.4 million) for the year ended 31 December 2019.

In trading yesterday, Altech shares closed at JPY 1,823 (USD 16.67), down 1.2% on the day. Based on its current share price the company has a market value of JPY 41.79 billion (USD 382.2 million).


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